Scandalous Economics: Gender And The Politics Of Financial Crises

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Of all of the lies, fragile alliances, and predatory financial dealings that have been revealed in the wake of the Global Financial Crisis of 2008, we have yet to come to terms with the ways in which structural inequalities around gender and race factor into (and indeed make possible) the current economic order. Scandalous Economics is about "silences" - the astonishing neglect of gender and race in explanations of the Global Financial Crisis. But, it is also about "noises" - the sexual scandals and gendered austerity policies that have relegated public debate, and the crisis itself, into political oblivion. While feminist economists and movements such as Occupy Wall Street have pointed to the distributional inequalities that are an effect of financial deregulation, scholars haven't really grappled with the representational inequalities inherent in the way we view the politics of the market. For example, capitalism won't be made more equitable simply by appointing women to leadership positions within financial firms or corporations. And the next crisis will not be averted if our understandings of gendered inequalities are framed by sexual scandals in media and popular culture. We need to look at the activities and the privileges of the advantaged - the "TED women" of the crisis -- as much as the victimization of the disadvantaged - to fully grasp the interplay between gender and economy in this fragile age of restoration. Scandalous Economics breaks new ground by doing precisely this. It argues that normalization of the post-GFC economic order in the face of its obvious breakdown(s) has been facilitated by co-optation of feminist and queer perspectives into national and international responses to the crisis. Scandalous Economics builds upon the Occupy movement and other critical analysis of the GFC to comprehensively examine gendered material, ideational and representational dimensions that have served to make the crisis and its effects, 'the new normal' in Europe and America as well as Latin America and Asia.

Author(s): Aida A. Hozic, Jacqui True
Series: Oxford Studies In Gender And International Relations
Publisher: Oxford University Press
Year: 2016

Language: English
Pages: 353
Tags: Economics: Labor & Demographic Economics, Politics: US Politics, Politics: Political Economy, Politics: Public Administration

Cover......Page 1
Series......Page 3
Scandalous Economics......Page 4
Copyright......Page 5
Contents......Page 6
Acknowledgments......Page 8
About the Contributors......Page 10
Part I: Scandalous Gendering......Page 16
1. Making Feminist Sense of the Global Financial Crisis......Page 18
2. “Lehman Brothers and Sisters”: Revisiting Gender and Myth
after the Financial Crisis......Page 36
3. The Global Financial Crisis’s Silver Bullet: Women Leaders
and “Leaning In”......Page 56
4. Finance, Financialization, and the Production of Gender......Page 72
Part II: Scandalous Obfuscations......Page 92
5. Broken Britain: Post-​Crisis Austerity and the Trouble with the
Troubled Families Programme......Page 94
6. Constitutionalizing Austerity, Disciplining the Household: Masculine Norms of Competitiveness and the Crisis of Social Reproduction
in the Eurozone......Page 107
7. Whose Crisis? Whose Recovery? Lessons Learned (and Not)
from the Asian Crisis......Page 124
8. “To Double Oppression, Double Rebellion”: Women, Capital,
and Crisis in “Post-​Neoliberal” Latin America......Page 141
Part III: Scandalous Sex......Page 158
9. Exploits and Exploitations: A Micro and Macro Analysis of
the “DSK Affair”......Page 160
10. We, Neoliberals......Page 180
11. Gender, Finance, and Embodiments of Crisis......Page 194
Part IV: Scandalizing Reimaginings......Page 218
12. Global Raciality of Capitalism and “Primitive” Accumulation:
(Un)Making the Death Limit?......Page 220
13. Toward a Queer Political Economy of Crisis......Page 246
14. Self-​Reproducing Movements and the Enduring
Challenge of Materialist Feminism......Page 263
Afterword: Gendering the Crisis......Page 281
Bibliography......Page 296
Index......Page 340